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Economic agents are not always rational or farsighted and can make decisions according to simple behavioral rules that vary according to situation and can be studied using the tools of evolutionary game theory. Furthermore, such behavioral rules are themselves subject to evolutionary forces....
Persistent link: https://www.econbiz.de/10011852747
Economic motivations and economic processes play a key role in the emergence and diffusion of communication and … such motivations and processes within an interdisciplinary context than the conventional, equilibrium-oriented, perspective …
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When a strategic situation arises repeatedly, the possibility arises that equilibrium predictions can be justified by a … dynamic adjustment process. We examine myopic adjustment dynamics, a class that includes replicator dynamics from evolutionary … game theory, simple models of imitation, models of experimentation and adjustment, and some simple learning dynamics. We …
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or go extinct. The article provides tools for understanding the evolution of terrorist organizations. …
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Economic agents are not always rational or farsighted and can make decisions according to simple behavioral rules that vary according to situation and can be studied using the tools of evolutionary game theory. Furthermore, such behavioral rules are themselves subject to evolutionary forces....
Persistent link: https://www.econbiz.de/10011849550